Atria Wealth Solutions Inc., a wealth management holding company, has purchased SCF Securities Inc., an independent broker-dealer and registered investment advisor based in Fresno, California with approximately $4 billion in assets under administration and roughly 150 financial advisors.
Atria acquired 100 percent of SCF Securities, SCF Investment Advisors, and SCF Marketing and now serves more than 2,500 financial professionals with nearly $95 billion in assets under administration.
Randy Meadows, SCF’s president and chief executive officer will remain as president of SCF and continue to operate from its Fresno headquarters.
“This partnership with Atria is really an extension of SCF. Atria’s values align perfectly with our culture, and their relentless commitment to pursue the voice of the financial professional in all they envision, build and implement is unmatched,” said Meadows.
SCF is the sixth broker-dealer purchased by Atria and joins its current subsidiaries, Cadaret, Grant & Co., NEXT Financial Group, Western International Securities, CUSO Financial Services, L.P. and Sorrento Pacific Financial.
Atria Wealth Solutions is headquartered in New York City.